MY COMPANY HAS:
PAID UP CAPITAL OF Rs. 50,00,000/-
RESERVES & SURPLUS (RS. 49,00,000/-) LOSS
TURNOVER Rs. NIL.
LOANS Rs. NIL.
PLEASE LET ME KNOW THE APPLICABILITY OF CARO.
MY COMPANY HAS:
PAID UP CAPITAL OF Rs. 50,00,000/-
RESERVES & SURPLUS (RS. 49,00,000/-) LOSS
TURNOVER Rs. NIL.
LOANS Rs. NIL.
PLEASE LET ME KNOW THE APPLICABILITY OF CARO.
In your case, CARO shall not be applicable.
The Paid up capital of your Company is Rs. 50 Lakhs and not above the spicified limit. Also your reserves and surplus has a debit balance and lastly your turnover is not above Rs. 5 Crores.
Hence, CARO not applicable for your Company.
Regards,
Devendra K
CAclubindia
